Flow price is surging towards a downward sloping line over the daily chart. The token has gained 6.61% of its market capitalization in the last 24-hour period. FLOW investors need to wait for the token’s recovery above the psychological level of $3.00. The crypto asset is trying to recover above the downward sloping line over the daily chart. FLOW has recovered till 20 SMA and is trying to recover above 50, 100 and 200-days Daily Moving Average as soon as the token breaks out of the downward trendline. The barrier should be broken as FLOW bulls are trying to accumulate the flow in terms of buying.
Flow price is presently CMP at $2.7 and has gained 6.61% of its market capitalization in the last 24-hour period. Trading volume has increased significantly by 145.43% in the intraday trading session. This shows that Flow is attracting buyers for the trade. Volume to market cap ratio is 0.03317.
Flow coin price is trading below a downward sloping over the daily chart. Meanwhile, Flow coin is flowing with an upstream momentum towards the trendline now FLOW bulls need to sustain at the trendline. However, volume change can be seen below average and needs to grow for FLOW coin to avoid the turbulence caused by bears during the intraday trading session. Flow coin price should stay in strong uptrend momentum to register its breakout.
Flow coin price is trading with strong uptrend momentum over the daily chart. FLOW token must gain constant uptrend momentum to register its breakout from the downward trendline. However, FLOW bulls look pretty determined to register the toke’s breakout this time. For the time being, technical indicators suggest uptrend momentum of FLOW coin over the daily chart.
Relative Strength Index showcases that FLOW is moving towards neutrality from oversold territory. MACD exhibits uptrend momentum of FLOW coin. The MACD line is ahead of the signal line after a positive crossover.
Flow price is surging towards a downward sloping line over the daily chart. The token has gained 6.61% of its market capitalization in the last 24-hour period. FLOW investors need to wait for the token’s recovery above the psychological level of $3.00. FLOW bulls look pretty determined to register the toke’s breakout this time. For the time being, technical indicators suggest uptrend momentum of FLOW coin over the daily chart.
Support Levels: $2.30
Resistance Levels: $3.00
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.
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